Air Products & Chemicals (APD) was Upgraded by Seaport Global Securities to ” Buy” and the brokerage firm has set the Price Target at $165. Earlier the firm had a rating of “Accumulate ” on the company shares. Seaport Global Securities advised their investors in a research report released on Jul 11, 2016.
Many Wall Street Analysts have commented on Air Products & Chemicals. Company shares were Reiterated by Barclays on May 2, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 162 from a previous price target of $147 .
On the company’s financial health, Air Products & Chemicals reported $1.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $1.81. The company had revenue of $2271.00 million for the quarter, compared to analysts expectations of $2366.13 million. The company’s revenue was down -5.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.55 EPS.
Air Products & Chemicals opened for trading at $140.97 and hit $144.72 on the upside on Friday, eventually ending the session at $144.35, with a gain of 3.35% or 4.68 points. The heightened volatility saw the trading volume jump to 14,62,063 shares. Company has a market cap of $31,191 M.
In a different news, on May 25, 2016, John D. Stanley (SR VP and General Counsel) sold 2,478 shares at $143.40 per share price. According to the SEC, on Feb 1, 2016, Seifi Ghasemi (CEO) purchased 50,000 shares at $126.77 per share price. On Aug 26, 2015, Charles I Cogut (director) purchased 400 shares at $137.17 per share price, according to the Form-4 filing with the securities and exchange commission.
Air Products and Chemicals Inc. is an industrial gases company which offers atmospheric gases process and specialty gases electronics and performance materials equipment and services. The Company’s segments include Industrial GasesAmericas; Industrial Gases EMEA (Europe Middle East and Africa); Industrial GasesAsia; Industrial GasesGlobal; Materials Technologies; Energy-from-Waste and Corporate and other. The Company manufactures and distributes products in two lines of business: Industrial Gases and Materials Technologies. Industrial Gases’ primary products include atmospheric gases process gases and equipment for air separation. Materials Technologies’ primary products include performance materials and chemicals such as epoxy amine curing agents polyurethane catalysts additives and specialty surfactants and electronics materials such as specialty gases chemical mechanical planarization slurries and specialty chemicals.